The IHS Markit Brazil Composite PMI rose to 55.9 in October 2020 from 53.6 in the previous month. The reading pointed to the third successive expansion in private sector activity and the steepest on record, amid the ongoing easing of coronavirus lockdown restrictions. The services sector expanded for the second straight month (PMI at 52.3 vs 50.4 in September), and manufacturing output growth hit an all-time high (PMI at 66.7 vs 64.9 in September). New orders went up at the fastest pace since January 2010 while payroll numbers were unchanged following seven consecutive months of cuts. On the price front, input price inflation quickened to a record high and output cost inflation accelerated to a five-year high. Lastly, sentiment improved as stronger optimism at services firms offset weaker but still robust confidence among manufacturers. source: Markit Economics
Composite Pmi in Brazil averaged 48.55 points from 2011 until 2020, reaching an all time high of 55.90 points in October of 2020 and a record low of 26.50 points in April of 2020. This page provides the latest reported value for - Brazil Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Composite Pmi in Brazil is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Brazil to stand at 51.50 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 52.30 points in 2021 and 51.90 points in 2022, according to our econometric models.